Backed by Monk’s Hill Ventures, Jio Health Expands to
Meet Exponential Growth & Broaden its Spectrum of Care Services
Ho Chi Minh City, Vietnam – April 1, 2019: Jio Health, a full-stack technology driven healthcare company, today announced a Series A round of US$5 million led by Monk’s Hill Ventures.
Jio Health’s combination of technology and clinical services provides consumers with the complete ecosystem of care benefits including home doctor visits, nursing services, pharmacy delivery, lab collection, telemedicine, and digital medical records.
Affordable, high-quality healthcare remains out of reach for many in emerging Southeast Asia. Consumers are confronted with congested hospitals and poor care quality, often waiting for hours to see a doctor for a mere 2-3 minutes.
Jio Health provides consumers with affordable, on-demand access to the full spectrum of healthcare including pediatrics, primary care, chronic disease management, and ancillary care services by using its proprietary systems and technologies to scale and optimize care delivery.
With its vertically integrated polyclinic, lab and pharmacy, Jio Health is disrupting the out-of-pocket healthcare industry, currently estimated at about $12 billion in Vietnam and $70 billion in the whole of Southeast Asia. The company experienced exponential growth in 2018, completing several thousand home-visits and check-ups, and is now looking to scale its care provider team and clinical operations across Vietnam.
“We are grateful to Monk’s Hill Ventures for privileging us with the support and resources to accelerate our growth and expansion. We look forward to working with Monk’s Hill’s team as we scale our operations and capabilities to meet the growing need for quality, affordable healthcare in the region,” said Mr. Raghu Rai, co-founder and CEO of Jio Health.
“Jio Health is in the business of delivering trusted healthcare. We are deeply humbled by the scale and impact of the challenge, and are excited to be working with Raghu and the Jio team to address this opportunity,” said Kuo-Yi Lim, Managing Partner at Monk’s Hill Ventures. Kuo-Yi will also be joining the board of Jio Health.
About Jio Health Founded in 2014 by University of California, Irvine (UCI) alum Raghu Rai, and Ken Rohl, a serial entrepreneur and trustee of UCI, Jio Health is a full-stack technology driven healthcare system that is redefining the care experience for consumers. Jio Health’s vertically integrated clinic, lab and pharmacy enable it to deliver care with the scalability, innovation, and service excellence of a consumer technology company. Jio Health has offices in Irvine, CA and Ho Chi Minh City, Vietnam. Further information is available at www.jiohealth.com.